Year: 2012

Ohio Tax Commissioner Joe Testa and Governor John Kasich announced this week that the Ohio Department of Taxation is changing the policy of notifying businesses of tax overpayments. According to the Department of Taxation, “In the past ODT didn’t notify businesses of overpayments—even if the Department was aware of it—but instead made businesses discover… Read more »

Our family wishes you, your family and employees a very Merry Christmas and a Happy New Year. We thank you for your support of our new venture with B2B CFO. Our first months with B2B CFO have brought great new friends and associates into our lives. After six years on the West Coast, we enjoy… Read more »

The press has focused a lot of attention on the official unemployment rate in the United States. Just recently the rate finally dipped below 8 percent for the first time since early in 2009. But the unemployment rate does not tell the full story. We have a huge group of people who are working below… Read more »

You may have heard of remote deposits from your banker but never given it serious consideration. Do your customers pay with credit cards, checks and/or cash? If the answer includes a fair number of checks, using remote deposit may be a good alternative to a lockbox or sending an employee to the bank each day.… Read more »

The Internal Revenue Service recently issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56.5 cents… Read more »

Thanksgiving is a time when we reflect and count our blessings. The first Thanksgiving was believed to have been celebrated by our Pilgrim forefathers in 1621, but it wasn’t until 1863, in the midst of the Civil War, that President Abraham Lincoln proclaimed a national day of “Thanksgiving and Praise to our beneficent Father who… Read more »

Positive Pay in a banking context is an anti-fraud service provided by almost every commercial bank in the United States. It protects the check issuer against counterfeit and altered checks. Positive Pay is an optional service that most bankers strongly recommend for businesses. Remember, businesses are not afforded the same federal protections the Regulation E… Read more »

Regardless of your political leanings it seems certain that the tax laws related to capital gains tax rates are going to be in flux. Some say 2013 will bring taxation on long term capital gains to levels equal to ordinary income tax rates. At a minimum the fiscal cliff and shifting political situation could well… Read more »

If you are a General Contractor, or a Sub Contractor who hires second tier subs, the risk for failures of the payment process down the supply chain is yours to manage. How well you do this and keep the work flow moving forward determines if the end result is a successful and profitable project. The ability… Read more »

I am not an economist but from a practical perspective, I believe the current extremely low interest rate environment is actually causing higher unemployment, directly in contrast to the Fed’s mandate. What ? How? Are you nuts? In my conversations with Baby Boomers I have noted a reluctance to retire. Many of the boomers were… Read more »

NOTICE: B2B CFO Partners, LLC, dba B2B CFO is an Arizona limited liability company that provides advisory and consulting services. B2B CFO® partners are independent contractors and are not officers, employees or agents of, or partners or joint ventures with, the companies they serve, nor are they independent CPAs.